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Swagel, Phillip; Tan, Ling Hui - International Monetary Fund (IMF) - 2000

This paper examines the effect of unionization on welfare and trade policy in a model of duopolists competing in a … policy to reach the optimal level of welfare depends on the mode of competition. With Bertrand duopolists, a union can be … welfare-improving; it can also lead to a weaker trade policy, or even reverse the direction of the optimal policy. The results …

Persistent link: https://www.econbiz.de/10005248209

Wage Flexibility in Turbulent Times; A Practitioner's Guide

International Monetary Fund (IMF); International … - 2005

This paper reviews several methods to measure wage flexibility, and their suitability for evaluating the extent of such flexibility during times of structural change, when wage distributions and wage curves can be particularly volatile. The paper uses nonparametric estimation to capture possible...

Persistent link: https://www.econbiz.de/10005248228

Indonesia; Implementing National Policies in a Decentralized Context: Special Purpose Programs to Protect the Poor

Ahmad, Ehtisham; Leruth, Luc E. - International Monetary Fund (IMF) - 2000

policy objectives towards the poor as decentralization takes effect. However, local governments currently lack credible … program designs. We discuss the suitability of a number of safety net mechanisms in a decentralized context and draw policy …

Persistent link: https://www.econbiz.de/10005263761

Global Aging and Declining World Interest Rates; Macroeconomic Insurance Through Pension Reform in Cyprus

Hoffmaister, Alexander W.; Guajardo, Jaime; Catalán, Mario - International Monetary Fund (IMF) - 2008

, in turn, will be passed on to pension benefits, exacerbating aging-related fiscal pressures. The pass-through effect will … wages to prices, provide substantial macro-insurance and shock absorption benefits. …

Persistent link: https://www.econbiz.de/10005263971

Returns to Human Capital and Investment in New Technology

Luzio, Rodolfo; Dunaway, Steven Vincent; Kaufman, … - International Monetary Fund (IMF) - 2001

This paper presents a simple framework that illustrates the link between skill-based wage differentiation and human capital acquisition given skill-biased technical progress. The analysis points to the economic costs resulting from labor market and income redistribution policies that prevent the...

Persistent link: https://www.econbiz.de/10005264106

Can the Release of a Monetary Overhang Trigger Hyperinflation?

Osband, Kent; Lin, Shoukang - International Monetary Fund (IMF) - 1992

It is widely feared that, once prices are decontrolled in the formerly centrally–planned economies, households’ release of previously accumulated money will trigger a hyperinflation. This paper finds, instead, that whether a country’s fiscal, monetary, and labor market policies are...

Persistent link: https://www.econbiz.de/10005264162

Financial Sustainability and Reform Options for the Albanian Pension Fund

Treichel, Volker - International Monetary Fund (IMF) - 2001

This paper studies the financial sustainability of the Albanian pension fund and assesses possible options for its reform. The paper concludes that the pension fund is not sustainable in its current form and proposes for the urban scheme a combination of parametric changes to the existing...

Persistent link: https://www.econbiz.de/10005264178

Regional Wage Differentiation and Wage Bargaining Systems in the EU

Vamvakidis, Athanasios - International Monetary Fund (IMF) - 2008

The theoretical literature has argued that a centralized wage bargaining system may result in low regional wage differentiation and high regional unemployment differentials. The empirical literature has found that centralized wage bargaining leads to lower wage inequality for different skills,...

Persistent link: https://www.econbiz.de/10005264211

EU Framework for Safeguarding Financial Stability; Towards An Analytical Benchmark for Assessing its Effectiveness

Nieto, María; Schinasi, Garry J. - International Monetary Fund (IMF) - 2007

with some explicit mechanisms for coordination across countries. Policy makers are aware of the limitations of the existing … European policy challenges. The paper establishes benchmarks for assessing the ability of Europe's existing institutional …

Persistent link: https://www.econbiz.de/10005825752

The Inflation-Unemployment Trade-Off At Low Inflation

Ricci, Luca Antonio; Benigno, Pierpaolo - International Monetary Fund (IMF) - 2009

Wage setters take into account the future consequences of their current wage choices in the presence of downward nominal wage rigidities. Several interesting implications arise. First, a closed-form solution for a long-run Phillips curve relates average unemployment to average wage inflation;...

Persistent link: https://www.econbiz.de/10005825999